Thursday, November 13, 2008

Where Do We Go From Here?

Picking up any newspaper or listening to any news outlet will have you wondering if the days of a prosperous U.S. economy are over. There isn't anything new to invent (we have heard that before).

How did we get here and where do we go from here?

What is the next boom?

Here's a compilation of events/transformations that got us here:

Year 2K and Internet boom -massive spending in the hardware/software industry (PC growth)-telcos ramped up by laying pipe-govt flooded market with money to fight off any 1/1/2000 problems-easy money led to "dumb" IPOS (remember Pets.com?)...big fees for investment bankers-"day trading" a new industry(the first leg of the financial industry greed)

The end of the Net boom and the recession officially started with 9/11